Reeny Associates Limited - Period Ending 2017-03-31

Registration number: 10045316

Reeny Associates Limited

Annual Report and Unaudited Financial Statements

for the Period from 7 March 2016 to 31 March 2017

Reeny Associates Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Reeny Associates Limited

(Registration number: 10045316)
Balance Sheet as at 31 March 2017

	Note	2017 £
Fixed assets
Tangible assets	4	1,363
Current assets
Debtors	5	2,288
Cash at bank and in hand		39,645
		41,933
Creditors: Amounts falling due within one year	6	(13,349)
Net current assets		28,584
Net assets		29,947
Capital and reserves
Called up share capital		100
Profit and loss account		29,847
Total equity		29,947

For the financial period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 November 2017 and signed on its behalf by:
 

.........................................

M J H Conington

Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Reeny Associates Limited

Notes to the Financial Statements for the Period from 7 March 2016 to 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
16 Bagnor
Newbury
Berkshire
RG20 8AQ
England

The principal place of business is:
16 Bagnor
Newbury
Berkshire
RG20 8AQ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax payable tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the companny operates and generates taxable income.

The current income tax charge is calculated o the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance basis

Page 2

Reeny Associates Limited

Notes to the Financial Statements for the Period from 7 March 2016 to 31 March 2017

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of the business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Page 3

Reeny Associates Limited

Notes to the Financial Statements for the Period from 7 March 2016 to 31 March 2017

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	1,704	1,704
At 31 March 2017	1,704	1,704
Depreciation
Charge for the	341	341
At 31 March 2017	341	341
Carrying amount
At 31 March 2017	1,363	1,363

5

Debtors

	2017 £
Other debtors	2,288
Total current trade and other debtors	2,288

6

Creditors

	Note	2017 £
Due within one year
Taxation and social security		12,749
Other creditors		600
		13,349

7	Related party transactions

Other transactions with directors

M Conington and L Perry had a loan with the company. At the balance sheet date the amount due from M Conington was £100.

During the period dividends totalling £5,000 were paid to the director L Perry.

Page 4